Applying for the grant, collecting and distributing the assets
Our hourly rate table is displayed below:
| Solicitors |
250 |
| Fellows of Inst. of Legal Executives, Senior Executives |
145 |
| Executives |
125 |
| Trainee Solicitors |
100 |
| Junior Executives/Personal Assistants |
90 |
We anticipate a total cost for our fees to be estimated at £2500.00 (+VAT at 20%), the equivalent of 10 hours.
We will deal with the full process for you. We will:
- Request and obtain valuations of bank accounts, building society accounts, premium bonds, policies and any other assets
- Contact credit card companies, loan and mortgage providers to obtain a valuation of liabilities
- Contact the Department for Work and Pensions and any private pension provider to ascertain whether any pension payments or benefits are payable to the estate or if any refunds of overpayments are due to be refunded
- Arrange for a valuation of the property
- Obtain evidence of identity for all beneficiaries and carry out bankruptcy searches
- Complete the application for the Grant
- Draft the Statement of Truth
- On receipt of the Grant encash and collect all assets.
- Arrange for the sale of the property (if applicable)
- Pay all liabilities
- Prepare Estate Accounts for approval by the Executor(s) / Administrator(s)
- Distribute the Estate
This quote is for estates where:-
- There are no more than 2 executors
- No inheritance tax is payable and a full account does not need to be submitted to H M Revenue and Customs
- There is a valid Will
- The deceased had no more than 4 Bank or Building Society Accounts
- The deceased held premium bonds
- The deceased had a private pension
- The deceased had only one property
- The deceased had a shareholding with 1 company
- The deceased had no more than 1 mortgage, 1 bank loan, 1 credit card.
- There are no more than 3 beneficiaries due a share of the residuary estate
- There are no more than 3 beneficiaries to receive a legacy
- There are no disputes to the Will
- There are no claims to the Estate
The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.
Disbursements included in this fee (where applicable VAT is included at 20%):
- Probate application fee of £300.00
- £5.00 Swearing of the oath (per executor)
- Bankruptcy-only Land Charges Department searches (£6.00 per beneficiary)
- £200.00 Post in The London Gazette – Protects against unexpected claims from unknown creditors.
- £100.00 Post in a Local Newspaper – This also helps to protect against unexpected claims.
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Potential additional costs
- If there is no will or the estate consists of any share holdings (stocks and bonds) there is likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.
- If any additional copies of the grant are required, they will cost £1.50 (1 per asset usually).
- Dealing with the sale or transfer of any property in the estate is not included.
Value Element
In the Administration of Estates cases involving particular complexity or requiring specialist expertise, an additional charge may be made to that calculated on the basis of time spent. This may reflect a percentage of the value of the Estate. This value element reflects the importance and complexity of the transaction and the consequent responsibility falling on the firm. Therefore, the following charges may also be charged a percentage of the gross value of the Estate as set out below:-
- For an estate of gross value of £50,000.00, I would not expect the value element to exceed £1,000.00.
- For an estate of gross value of £150,000.00, I would not expect the value element to exceed £3,000.00
- For an estate of gross value of £250,000.00, I would not expect the value element to exceed £5,000.00
- For an estate of gross value of £500,000.00, I would not expect the value element to exceed £10,000.00
- For an estate of gross value of £750,000.00, I would not expect the value element to exceed £15,000.00
How long will this take?
On average, estates that fall within the normal range described above are dealt with within 3-6 months. Typically, obtaining the grant of probate takes sixteen weeks. Collecting assets then follows, which can take between 3-4 weeks. Once this has been done, we can distribute the assets, which normally takes 3-4 weeks.
Please note, additional delays may be encountered for complex cases.
Who will be acting for me?
Hedon
Laura J Gibb- Solicitor
- Laura has a wealth of experience in all aspects of conveyancing, including freehold and leasehold sales and purchases, re-mortgages and transfers of equity.
- Laura has 5 years experience in Private Client Matters, including Wills, Probate, Deputyships, Name Changes, LPA’s, Assents, First Registrations, Deed of Variations, Trusts and more.
- Laura completed a LLB Law degree at Hull University and an LLM Masters degree at the University of Law in Leeds. She also completed her Legal Practice Course and her Training Contract with Jane Brooks Law in 2022.
- Laura’s Supervisor is Stephanie Sadofsky, a Director at our firm with a wealth of experience in private client work, she is also a Solicitor at the firm. For more information on Stephanie, please see their profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/
Vicky Wilson- Director, Practice Manager and Probate Assistant
- Vicky is a key member of our Hedon Probate department and has worked for the firm since 2007.
- She has experience in Private Client Matters, including Wills, Probate, Deputyships, Name Changes, LPA’s, Assents, First Registrations, Deed of Variations and more.
- Vicky’s Supervisor is Laura J Gibb, a Solicitor at our Hedon Branch with a wealth of experience in private client work. For more information on Laura, please see her profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/
Cottingham
Lilli Grigg – Solicitor and Director
- Lilli has 6 years’ experience in Private Client Matters, including Wills, Probate, Deputyships, Name Changes, LPA’s, Assents, First Registrations, Deed of Variations and more.
- Lilli qualified as a Solicitor in 2019 and has completed an LLB Law Degree and a Legal Practice Course. In addition, Lilli completed her Training Contract for 2 years with Jane Brooks Law.
- Lillis Supervisor is Stephanie Sadofsky, a Director at our Hull Branch with over 20 years’ experience in private client work, Stephanie is also a Solicitor at the firm. For more information on Stephanie, please see her profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/
Hull
Stephanie Sadofsky – Solicitor and Director
- Stephanie has 30 years’ experience in all aspects of conveyancing, including freehold and leasehold sales, leasehold purchases, re-mortgages and transfers of equity and has extensive knowledge of commercial property law.
- Stephanie is experienced and highly knowledgeable in Private Client work, including: the administration of estates, will drafting, Lasting Powers of Attorney, Deputyships, Name Changes and more.
- Stephanie has been qualified as a Solicitor for many years.
- Stephanie’s Supervisor is Laura J Gibb, she is a Solicitor at Jane Brooks Law with a wealth of experience in Private Client Work. For more information on Laura, please see her profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/
